TORONTO, April 7, 2015 /CNW/ - PowerShares
Canada today announced the final net asset values (NAVs) for
PowerShares S&P/TSX Composite High Beta Index ETF ("THB") and
PowerShares S&P 500 High Beta (CAD Hedged) Index ETF ("UHB")
(collectively, "the ETFs"). The ETFs were terminated effective the
close of business April 6, 2015.
The termination of the ETFs was originally announced
January 16, 2015. The units of the
ETFs were delisted from TSX on March 31,
2015.
Unitholders of each ETF at the time of termination will receive
the proceeds from the liquidation of the ETF's assets, less all
liabilities and expenses incurred in connection with the
termination, on a pro rata basis. In addition, unitholders of each
ETF at the time of termination will receive a final cash
distribution. Details of the "per-unit" amounts are as follows:
PowerShares ETF
name
|
Ticker
|
Distribution
per unit ($)
|
Final NAV
($)
|
PowerShares
S&P/TSX Composite High Beta Index ETF
|
THB
|
0.09827
|
10.33
|
PowerShares S&P
500 High Beta (CAD Hedged) Index ETF
|
UHB
|
3.42650
|
29.03
|
To learn more about PowerShares Canada's smart beta ETFs and
funds, visit www.powershares.ca or connect with Invesco
Canada on Twitter (@InvescoCanada), LinkedIn or Facebook.
About Invesco Canada Ltd.
Invesco Canada Ltd.,
operating under three distinct yet complementary product brands
(Trimark, Invesco and PowerShares), is one of Canada's leading investment management
companies. A subsidiary of Invesco Ltd., Invesco Canada's singular
focus is on investment management, offering a diversified suite of
solutions to institutions, organizations, companies and individual
investors across Canada and around
the world. Additional information is available at
www.invesco.ca.
About Invesco Ltd.
Invesco Ltd. is a leading
independent global investment management firm, dedicated to helping
investors worldwide achieve their financial objectives. By
delivering the combined power of our distinctive investment
management capabilities, Invesco provides a wide range of
investment strategies and vehicles to our clients around the world.
Operating in more than 20 countries, the firm is listed on the New
York Stock Exchange under the symbol IVZ. Additional information is
available at www.invesco.com.
Commissions, management fees and expenses may all be associated
with investments in exchange-traded funds (ETFs). ETFs are not
guaranteed, their values change frequently and past performance may
not be repeated. Please read the prospectus before investing.
Copies are available from Invesco Canada Ltd. at
www.powershares.ca.
There are risks involved with investing in ETFs. Please read the
prospectus for a complete description of risks relevant to the ETF.
Ordinary brokerage commissions apply to purchases and sales of ETF
units.
Most PowerShares ETFs seek to replicate, before fees and
expenses, the performance of the applicable index, and are not
actively managed. This means that the sub-advisor will not
attempt to take defensive positions in declining markets and
the ETF will continue to provide exposure to each of the
securities in the index regardless of whether the financial
condition of one or more issuers of securities in the index
deteriorates. In contrast, if a PowerShares ETF is actively
managed, then the sub-advisor has discretion to adjust that
PowerShares ETF's holdings in accordance with the ETF's investment
objectives and strategies.
ETFs are not diversified investments.
S&P®, S&P 500®, and S&P 500
High Beta Index™ are trademarks of Standard & Poor's Financial
Services LLC and have been licensed for use by S&P Dow Jones
Indices LLC and sublicensed for certain purposes by Invesco Canada
Ltd. The S&P 500 High Beta Index (CAD Hedged) is a product of
S&P Dow Jones Indices LLC, and has been licensed for use by
Invesco Canada Ltd. Invesco Canada Ltd.'s PowerShares S&P 500
High Beta (CAD Hedged) Index ETF is not sponsored, endorsed, sold
or promoted by S&P Dow Jones Indices LLC or its affiliates and
none of S&P Dow Jones Indices LLC or its affiliates make any
representation regarding the advisability of investing in such
product.
S&P® is a registered trademark of Standard &
Poor's Financial Services LLC and has been licensed for use by
S&P Dow Jones Indices LLC and sublicensed for certain purposes
by Invesco Canada Ltd. TSX is a trademark of TSX Inc. ("TSX") and
has been licensed for use by S&P Dow Jones Indices LLC and
Invesco Canada Ltd. The S&P/TSX Composite High Beta Index is a
product of S&P Dow Jones Indices LLC, and has been licensed for
use by Invesco Canada Ltd. Invesco Canada Ltd.'s PowerShares
S&P/TSX Composite High Beta Index ETF is not sponsored,
endorsed, sold or promoted by S&P Dow Jones Indices LLC or its
affiliates or TSX and none of S&P Dow Jones Indices LLC or its
affiliates or TSX make any representation regarding the
advisability of investing in such product.
PowerShares Canada is a registered business name of Invesco
Canada Ltd.
Invesco® and all associated trademarks are trademarks
of Invesco Holding Company Limited, used under licence.
PowerShares®, Leading the Intelligent ETF
Revolution® and all associated trademarks are trademarks
of Invesco PowerShares Capital Management LLC (Invesco
PowerShares), used under licence.
© Invesco Canada Ltd., 2015
SOURCE Invesco Canada Ltd.